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ASEAN becomes focal point for global investors, EY says

Amongst emerging markets, ASEAN has attracted strong trade globally and become a focal point of global investor interest thanks to robust economics and infrastructure developments, according to EY.

In a report entitled, Rediscover ASEAN: a growth story of 10 countries, EY highlighted that the combined ASEAN trade has increased by annual growth rate of 6.4% to US$2.3t in 2015 and ASEAN’s member countries are expected to see GDP growth rates of between 3% to 8% over the next five years.

Dato’ Abdul Rauf Rashid, EY ASEAN assurance leader, said:  “At a time of volatility in various parts of the world, ASEAN may well be the prized ecosystem of certainty, consistent and resilient economic growth. The region is well-positioned to be a growth nucleus in Asia, even as China and India continue to power ahead.”

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